Are there income limitations for claiming the Electric Car Tax credit? I am considering either buying or leasing a car that comes with a $7500 credit. If I lease it, the dealer will take the $7500 credit off the purchase price but if I buy the car I will have to file for the credit on my 2020 taxes. My income is in the highest bracket, so the $7500 credit would be worth quite a bit but not if I am limited by my income.
